Veren Inc. [NYSE: VRN] traded at a low on Wednesday, posting a -2.06 loss after which it closed the day’ session at $7.60.
The results of the trading session contributed to over 3878896 shares changing hands. Over the past one week, the price volatility of Veren Inc. stands at 2.56% while the volatility over the past one month is 2.45%.
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The market cap for VRN stock reached $4.71 billion, with 619.93 million shares outstanding and 574.77 million shares in the current float. Compared to the average trading volume of 2.92M shares, VRN reached a trading volume of 3878896 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Veren Inc. [VRN]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VRN shares is $10.74 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VRN stock is a recommendation set at 1.23. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Canaccord Genuity have made an estimate for Veren Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 21, 2023. The new note on the price target was released on June 08, 2022, representing the official price target for Veren Inc. stock.
The Average True Range (ATR) for Veren Inc. is set at 0.21, with the Price to Sales ratio for VRN stock in the period of the last 12 months amounting to 1.75. The Price to Book ratio for the last quarter was 1.00, with the Price to Cash per share for the same quarter was set at 0.03. Price to Free Cash Flow for VRN in the course of the last twelve months was 7.81 with Quick ratio for the last quarter at 1.03.
How has VRN stock performed recently?
Veren Inc. [VRN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.19. With this latest performance, VRN shares dropped by -3.80% in over the last four-week period, additionally plugging by 18.75% over the last 6 months – not to mention a drop of -2.30% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for VRN stock in for the last two-week period is set at 39.54, with the RSI for the last a single of trading hit 34.99, and the three-weeks RSI is set at 41.85 for Veren Inc. [VRN]. The present Moving Average for the last 50 days of trading for this stock 8.06, while it was recorded at 7.75 for the last single week of trading, and 7.63 for the last 200 days.
Veren Inc. [VRN]: Deeper insight into the fundamentals
Veren Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.03 and a Current Ratio set at 1.03.
Earnings analysis for Veren Inc. [VRN]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for VRN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Veren Inc. go to 7.00%.
Insider trade positions for Veren Inc. [VRN]
The top three institutional holders of VRN stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in VRN stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in VRN stock with ownership which is approximately 5.1238%.
